• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

ATMIA’s New Forum for Financial Institution ATM Operators

Gautham by Gautham
5 years ago
in Cryptocurrency news
Reading Time: 3min read
ATMIA New Forum for Financial Institution ATM Operators. newsbtc
Advertisement

Automatic Teller Machines or ATMs are the quickest and the easiest way to obtain cash. Another option is to walk into a bank, fill a form, wait for your turn, and hand it over to a teller and collect cash. The ATM Industry Association (ATMIA) is a global association of ATM operators. The association recently announced the creation of Financial Institution ATM Deployers Forum – a new committee of financial institution ATM deployers and operators.

ATMs we see around us are either operated by banks and other financial institutions or by private/ independent players. Over 45 percent of ATMs in United States are operated by the banking and financial institutions themselves. According to Federal Reserve bank of St. Louis, there are over 5300 banks in the United States, most of them have also deployed ATMs across the country.

It is virtually impossible and impractical for banks to deploy their ATMs in all accessible areas. Hence, banks link their ATM networks with those of other banks, enabling their customers to withdraw cash from any conveniently situated ATM. Interoperability of ATMs by banking customers is achieved by striking agreements and deals with other banks, which are done through defined communication channels.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Even though these ATM deployers communicate frequently through standard channels, there hasn’t been one formal setting so far where all the players could come together, network and discuss. In order to address this issue, ATMIA’s new committee group for financial institution ATM operators has been established.

According to ATMIA, the committee offers opportunities for institutional ATM operators to meet and network with their peers from other financial institutions and discuss about various issues. The committee offers a non-competitive environment to encourage such regular meetings and discussions.

The ATMIA member banks and financial institutions will soon be able to use the Financial Institution ATM Deployers Forum as a venue for discussions and create a plan of action to tackle challenges faced by their industry by putting up a collective front. This forum will also come in handy for financial institutions to lobby for changes in the working environment with governments and regulatory bodies. Non-member financial institutions can also take part in the forum and decide upon acquiring ATMIA membership.

ATMIA and Bitcoin

We can expect the financial institution ATM deployers to discuss about inclusion of blockchain technology and bitcoin ATM service along with their existing services as well. Currently few independent ATM operators across the world also include bitcoin based services on their network. The prevalence of such service is almost non-existent among bank deployed ATMs. ATMIA is the right place for banking institutions to talk about bitcoin among their peers as the association has already made its position about clear.

ATMIA’s Position on Bitcoin – “ATMIA does not believe the Bitcoin currency is a threat to cash or to established electronic payment methods but recommends increased support and supervision of Bitcoin ATMs to ensure they abide by security best practices and maintain the industry’s current high levels of customer trust.”

Read more about ATMIA’s position on Bitcoin here.

Reference:
Federal Financial Institutions Examination Council (US), Commercial Banks in the U.S. [USNUM],  retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/USNUM/, January 15, 2016.
ATMIA Forms New Committee Group for Bank ATM Deployers
Tags: atmiabankingbitcoinBitcoin NewsblockchainFinancial institutionsNews
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

bloody bitcoin

Coinbase COIN Debuts To A Bloody Bitcoin, But Bullish Structure Remains

5 hours ago
Has The NFT Bubble Popped? Prices Down 65% While Ecologists Sharpen Knives

Has The NFT Bubble Popped? Prices Down 65% While Ecologists Sharpen Knives

6 hours ago
Stellar Lumens XLM XLMUSDT

How Stellar’s Growth In Q1 2021 Could Foster Further Adoption

9 hours ago
Ripple XRPUSDT

This Is What Gensler’s Confirmation Could Mean For XRP

10 hours ago
Cardano ADA ADAUSDT

Why Cardano Could Be The Next Runner Up To Ethereum

11 hours ago
easyfi

EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

12 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Crypto Exchange Platform AAX Reveals HKD, SDG, and GBP as the Top Three Fiat Currencies Deposited In April

April 14, 2021

Polkadex IDO Launches On Polkastarter on the 16th of April

April 13, 2021

Fast-Growing Exchange Bityard to Launch Its First Contest for Global Traders

April 13, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.